5 Underwriter Cover Letters

Approved by real hiring managers, these Underwriter cover letters have been proven to get people hired in 2024. A hiring manager explains why.

Hiring Manager for Underwriter Roles
Compiled by: Kimberley Tyler-Smith
Senior Hiring Manager
20+ Years of Experience
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Underwriter Cover Letter Example

Dear Hiring Manager,

As a long-time admirer of XYZ Corp's commitment to innovation and strong presence in the financial industry, I was excited to see the Underwriter role opening at your esteemed organization. Not only does XYZ Corp's dedication to fostering growth and development resonate with my personal values, but I also believe my unique experiences in risk analysis and underwriting will make me a valuable addition to your team.

In my time as an Underwriter at Resume Worded, I was able to reduce claim expenses by 20% through the implementation of a comprehensive risk assessment process. This not only improved our overall profitability but also allowed us to provide better coverage options to our clients. Additionally, I successfully led a team of five underwriters in the development and launch of a new insurance product line, which resulted in a 30% increase in new business for the company. I am confident that my proven track record of driving results and implementing innovative solutions will be an asset to XYZ Corp.

What genuinely excites me about this role at XYZ Corp is the opportunity to contribute to a company that is at the forefront of the financial industry. I am particularly drawn to your initiatives in digital transformation and data-driven decision making. I believe that my experience in leveraging data analytics to improve underwriting efficiency and accuracy will align well with XYZ Corp's vision for the future.

Thank you for considering my application. I am eager to further discuss my qualifications and explore the ways in which my expertise can contribute to the continued success of XYZ Corp.

Sincerely,

[Your Name]

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Why This Cover Letter Works in 2024

Reduced Claim Expenses


Highlighting a specific accomplishment, like reducing claim expenses by 20%, shows the candidate's ability to drive results and provides a clear example of their capabilities. This is a strong way to showcase your value to the potential employer.

New Product Line Success


By outlining the successful launch of a new insurance product line, the candidate demonstrates their ability to lead a team, develop innovative solutions, and contribute to business growth. This shows that they are not only a results-driven individual but also a team player.

Underwriter Cover Letter Example

Dear Hiring Manager,

I am writing to express my interest in the Underwriter position at Liberty Mutual Insurance. As a child, I was always fascinated with my father's work as an insurance underwriter. His ability to balance risk and reward, and how it contributed to the stability of families and businesses, was awe-inspiring. I would often sit with him as he explained his cases, and this early passion led me to pursue a career in underwriting. What stands out about Liberty Mutual is its commitment to creating a positive impact on people's lives, which aligns perfectly with why I chose this career path.

At Resume Worded, I played a crucial role in cutting the application turnaround times by 30%. I developed and implemented a new risk assessment model, which streamlined the underwriting process without compromising on the quality of risk evaluation. This not only improved efficiency but also enhanced customer satisfaction levels. Additionally, I led a cross-functional team to establish a training program for new underwriters, which increased employee retention by 20%. I believe these experiences have equipped me with the necessary skills to contribute to the ambitious goals of Liberty Mutual.

The opportunity to work with a company that values innovation and customer satisfaction excites me. I am particularly interested in your initiatives to leverage technology to improve underwriting efficiency and accuracy. I am looking forward to the prospect of bringing my skills and passion to a company that aligns with my values and career goals.

Thank you for considering my application. I am eager to discuss how my background and passion for underwriting can contribute to the continued success of Liberty Mutual Insurance.

Best Regards,
[Your Name]
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Why This Cover Letter Works in 2024

Aligning Personal Values with the Company's Mission

When you mention how the company's mission aligns with your own career objectives, you're showing the hiring manager that you've done your homework. You're not just looking for any job; you're interested in this specific role because it aligns with your personal mission. This demonstrates a deeper level of commitment and potential longevity with the company.

Underwriter Cover Letter Example

Dear Hiring Team,

I'm reaching out to express my interest in the Underwriter position at Liberty Mutual. My journey into the world of insurance began unexpectedly during a college internship; I was fascinated by the blend of analytics, risk assessment, and personal interaction. Liberty Mutual stood out to me not just as a leader in the field but as a place where innovation meets empathy. It's not just about policies and premiums; it's about people. That resonates with me.

During my tenure at Resume Worded Insurance, I spearheaded a project that reduced claim processing times by 30%. This wasn't just about streamlining processes; it was about understanding customer needs and finding innovative solutions to meet them quickly. I also played a pivotal role in integrating a new risk assessment tool that improved our accuracy in premium calculations by 15%, directly contributing to a happier and more satisfied client base. These experiences have equipped me with a unique skill set that I am eager to bring to Liberty Mutual.

What excites me most about this role is the opportunity to be part of a team that values forward-thinking and customer satisfaction above all. Liberty Mutual's commitment to leveraging technology for better service delivery is something I am passionate about. I see this as a chance to contribute to a company that's shaping the future of insurance.

In closing, I want to say that joining Liberty Mutual as an Underwriter is more than a career move for me. It's about being part of a legacy of excellence and contributing to a future where insurance is more accessible, understandable, and humane. I look forward to the possibility of discussing how my background, skills, and enthusiasms can be in line with the innovative work being done at Liberty Mutual.

Thank you for considering my application. I am excited about the opportunity to bring my unique blend of skills and passion to your team.

Warm regards,

[Your Name]

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Why This Cover Letter Works in 2024

Quantify Your Achievements

When you explain that you led a project that reduced claim processing times by 30%, you're showing, not just telling, the value you've brought to your past employers. It's not only impressive but it also gives me a tangible idea of the impact you made. It's important to do this as much as you can.

Show Your Direct Impact

You mentioned integrating a new risk assessment tool that improved accuracy in premium calculations by 15%. You're not just stating that you participated in a project, you're highlighting the direct positive impact of your work. This is more compelling than just mentioning your duties or tasks.

Express Your Alignment with Company Values

When you express excitement about the role and the company's values, it shows you've done your homework and you truly understand what the company stands for. It also shows how passionate you are about contributing to those values. It's great to see this type of enthusiasm and alignment.

Communicate Your Long-Term Vision

Your vision of contributing to a future where insurance is more accessible, understandable, and humane aligns with the company's vision. This demonstrates you're not only committed to the role, but also to the company's long-term mission.

End On An Inviting Note

Your closing statement, thanking the hiring team for considering your application, and expressing excitement about the opportunity, keeps the door open for further discussion and shows your positive attitude. It's a great way to wrap up your cover letter.

Senior Underwriter Cover Letter Example

Dear Hiring Manager,

I am thrilled to apply for the Senior Underwriter role at Allstate Insurance. Growing up, I always had a knack for puzzles – the more complex, the better. Underwriting, to me, is like solving a puzzle with each case presenting its unique set of challenges. Allstate's focus on personalized underwriting, treating each case as unique, resonated with my approach to underwriting.

During my tenure with Resume Worded, I managed a portfolio of business exceeding $100M, maintaining loss ratios well below industry averages. My ability to accurately assess risk and negotiate terms led to a 25% increase in policy renewals. Additionally, I introduced an AI-based tool to automate routine tasks, which reduced processing time by 40%. These achievements underscore my ability to drive efficiency and profitability, which I am confident will be valuable to Allstate.

I am excited about the prospect of working with Allstate, a company that puts a strong emphasis on innovation and customer-centricity. I am particularly interested in your initiatives to use predictive analytics in underwriting, which I believe is the future of this industry.

Thank you for considering my application. I look forward to the possibility of contributing to Allstate's mission of creating innovative insurance solutions.

Best Regards,
[Your Name]
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Why This Cover Letter Works in 2024

Quantifiable Achievements

Showing clear, quantifiable results like reducing application turnaround times by 30% is a direct way of demonstrating your potential impact as an underwriter. It's not just about stating what you did, but also showing the measurable outcomes of your actions. This goes a long way in proving your capabilities and the value you can bring to the table.

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Senior Underwriter Cover Letter Example

Dear Mr. Thompson,

I am writing to you today not just as a seasoned professional looking for a new challenge but as someone who has always admired Allstate's commitment to not only serving its customers but also empowering its employees. My journey in the insurance sector, particularly in underwriting, has been marked by a constant quest for improving risk management strategies while enhancing customer satisfaction. It's this alignment in values that draws me to the Senior Underwriter position at Allstate.

At Resume Worded Insurance, I successfully led a team that redesigned our underwriting process, resulting in a 20% increase in efficiency and a 25% reduction in operational costs. This experience taught me the importance of leadership, innovation, and the relentless pursuit of excellence. Additionally, I was instrumental in developing a comprehensive training program for new underwriters, which boosted team performance by 40%. These accomplishments are a testament to my belief that the right blend of technology, process, and people can drive significant improvements.

The role at Allstate excites me because it offers the chance to work with a company at the forefront of using data and technology to shape the future of insurance. Your innovative approach to risk assessment, combined with a deep commitment to customer service, is exactly the environment I thrive in.

Bringing my extensive experience and a proven track record of success to Allstate, I am eager to contribute to your team's goals and help solidify your position as a leader in the industry. I am particularly interested in how Allstate uses advanced analytics to improve underwriting decisions, and I am keen to bring my expertise in this area to your team.

Thank you for considering my application. I look forward to the opportunity to discuss how my background, skills, and passion for the insurance industry can contribute to the innovative work being done at Allstate.

Best regards,

[Your Name]
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Why This Cover Letter Works in 2024

Highlight Your Leadership Skills

Describing how you led a team that improved efficiency and reduced costs provides solid evidence of your leadership skills. It also suggests that you are results-oriented, which is a trait highly valued in any role, especially in a senior underwriting position.

Reveal Your Team Development Skills

By mentioning the development of a comprehensive training program for new underwriters, you're demonstrating your commitment to team development and growth, a trait highly valued in senior-level roles. This also shows that you can produce tangible improvements in performance.

Show Enthusiasm for Innovation

Your excitement about the role at Allstate and how the company uses data and technology is a clear indication that you value innovation and are ready to perform in a forward-thinking environment. This shows that you appreciate the company's direction and are eager to contribute to its evolution.

Express Interest in Company's Unique Practices

Expressing interest in how Allstate uses advanced analytics for underwriting decisions shows you're informed about the company's unique practices and you're keen to contribute your expertise. It also demonstrates your understanding of the evolving nature of the industry.

Show Appreciation and Openness to Discussion

Thanking the hiring manager for considering your application and expressing openness to discuss your expertise further sets a pleasant tone. This shows you're appreciative of their time and eager to continue the conversation.

Alternative Introductions

If you're struggling to start your cover letter, here are 6 different variations that have worked for others, along with why they worked. Use them as inspiration for your introductory paragraph.

1
While browsing through LinkedIn, I came across the Underwriter position at JPMorgan Chase & Co. and was immediately drawn to the company's focus on maintaining long-lasting client relationships and its dedication to data-driven decision making. Having had family members who were loyal Chase Bank customers, I am excited at the potential opportunity to join a team whose values align with my personal commitment to providing effective financial solutions to clients.
This paragraph stands out because it references a personal connection to the company, highlighting the applicant's genuine interest in working for JPMorgan Chase & Co. and their understanding of the company's values.

2
As a frequent traveler, I've had the opportunity to experience firsthand the convenience and peace of mind that American Express provides to its customers. So when I saw that American Express was seeking an Underwriter to join their team, I knew that it would be the perfect opportunity for me to contribute my risk analysis and underwriting experience to help the company continue to innovate in the financial services industry.
This paragraph is unique because it mentions the applicant's personal experience as a customer of the company, showcasing their enthusiasm for the brand and their interest in contributing to its ongoing success.

3
Having witnessed the positive impact of Goldman Sachs' philanthropic initiatives, such as the 10,000 Small Businesses program, I am compelled to bring my underwriting skills to an organization that is dedicated to creating meaningful change in the world. The Underwriter position at Goldman Sachs would allow me to utilize my expertise in risk analysis to contribute to the company's continued growth and commitment to making a difference.
By highlighting the applicant's appreciation for the company's philanthropic efforts, this paragraph demonstrates a shared commitment to making a positive impact, indicating a strong fit for the company culture.

4
With a strong background in risk analysis and underwriting, I was thrilled to come across the Underwriter position at Allstate Insurance on Indeed. As a driver who has relied on Allstate's comprehensive coverage, I understand the importance of thorough underwriting and am excited to bring my experience to an organization that values protecting its customers.
This introduction effectively ties the applicant's professional experience to their personal experience as a policyholder, emphasizing their understanding of the company's value proposition and their eagerness to contribute to its mission.

5
When I read about CitiGroup's commitment to fostering a diverse and inclusive environment, I knew that the Underwriter position at Citi was the perfect opportunity for me to leverage my experience in risk analysis and underwriting while being part of a global organization that values unique perspectives. As someone who thrives in dynamic environments, I am excited to contribute to a company that is dedicated to embracing diversity and driving innovation.
In this paragraph, the applicant highlights the company's commitment to diversity and inclusion, showcasing their alignment with Citi's values and their excitement to join a progressive organization that prioritizes its employees' well-being.